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Presented below is the trial balance of Vivaldi Corporation at December 31, 2012. Debit Credit Cash $ 200,110 Sales $7,903,550 Debt Investments (trading) (cost, $145,000)

Presented below is the trial balance of Vivaldi Corporation at December 31, 2012.

Debit
Credit
Cash
$200,110
Sales
$7,903,550
Debt Investments (trading) (cost, $145,000)
156,550
Cost of Goods Sold
4,803,550
Debt Investments (long-term)
302,110
Equity Investments (long-term)
280,110
Notes Payable (short-term)
93,550
Accounts Payable
458,550
Selling Expenses
2,003,550
Investment Revenue
64,580
Land
260,000
Buildings
1,043,110
Dividends Payable
139,110
Accrued Liabilities
99,550
Accounts Receivable
438,550
Accumulated Depreciation%u2014Buildings
352,000
Allowance for Doubtful Accounts
28,550
Administrative Expenses
901,580
Interest Expense
212,580
Inventory
600,110
Extraordinary Gain
81,580
Notes Payable (long-term)
903,110
Equipment
603,550
Bonds Payable
1,003,110
Accumulated Depreciation%u2014Equipment
60,000
Franchises
160,000
Common Stock ($5 par)
1,003,550
Treasury Stock
194,550
Patents
195,000
Retained Earnings
81,110
Paid-in Capital in Excess of Par
83,110
$12,355,010
$12,355,010


Calculate ending retained earnings and prepare a balance sheet at December 31, 2012, for Vivaldi Corporation. Ignore income taxes. (List current assets in order of liquidity. List property plant and equipment in order of land, building and equipment.)

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